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FINANCIAL_SERVICESAPPROVED

Knoxville's Community Development Corporation AgendaPacket 2026-05-28

CastleOak to purchase Riella at Oakwood bonds

Not to exceed $45,000,000 (bond purchase)Knoxville's Community Development Corp.CASTLEOAK SECURITIES LPMay 28, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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Description

KCDC authorized a Bond Purchase Agreement with CastleOak Securities, L.P. for the purchase of up to $45 million in Riella at Oakwood multifamily housing revenue bonds. The agreement sets the terms for selling the GNMA-collateralized Series 2026 bonds.

Contract Details

Contract Amount

Not to exceed $45,000,000 (bond purchase)

Vendor

CASTLEOAK SECURITIES LP

Agency

Knoxville's Community Development Corp., TN

Contract Type

FINANCIAL_SERVICES

Document Date

May 28, 2026

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